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USD/CZK
USD CZK
- CZK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCZK
ISIN:

USD/CZK - 1H - Technical analysis published on 11/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 22.9805 CZK
My targets
22.8820 CZK (-0.0716)
22.8174 CZK (-0.1362)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/CZK as long as the price remains well below 22.9805 CZK. The sellers' bearish objective is set at 22.8820 CZK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.8174 CZK. In case of crossing, the next objective would be the support located at 22.7683 CZK. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CZK rating is 22.9536 CZK. On the day, this instrument lost -0.05% with the lowest point at 22.9481 CZK and the highest point at 22.9937 CZK. The deviation from the price is +0.02% for the low point and -0.17% for the high point.

22.9481
22.9937
22.9536

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/CZK indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.7683 22.8174 22.8820 22.9536 22.9805 23.0698 23.1348
Change (%) -0.81% -0.59% -0.31% - +0.12% +0.51% +0.79%
Change -0.1853 -0.1362 -0.0716 - +0.0269 +0.1162 +0.1812
Level Minor Intermediate Major - Intermediate Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.791722.868522.917022.993823.042323.119123.1676
Camarilla22.930922.942422.953922.965422.976922.988422.9999
Woodie22.777522.861422.902822.986723.028123.112023.1534
Fibonacci22.868522.916422.946022.993823.041723.071323.1191


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.277822.476322.737922.936423.198023.396523.6581
Camarilla22.873122.915322.957422.999623.041823.084023.1261
Woodie22.309522.492122.769622.952223.229723.412323.6898
Fibonacci22.476322.652022.760622.936423.112123.220723.3965


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.382222.677322.952823.247923.523423.818524.0940
Camarilla23.071323.123623.175923.228223.280523.332823.3851
Woodie22.372322.672422.942923.243023.513523.813624.0841
Fibonacci22.677322.895323.030023.247923.465923.600623.8185

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 40.27
MACD (12,26,9): -0.0047
Directional Movement: -5.9818
AROON (14): 28.5714
DEMA (21): 22.9742
Parabolic SAR (0,02-0,02-0,2): 23.0379
Elder Ray (13): -0.0076
Super Trend (3,10): 22.9440
Zig ZAG (10): 22.9512
VORTEX (21): 0.9233
Stochastique (14,3,5): 46.48
TEMA (21): 22.9699
Williams %R (14): -91.39
Chande Momentum Oscillator (20): -0.0176
Repulse (5,40,3): -0.1476
ROCnROLL: 2
TRIX (15,9): -0.0024
Courbe Coppock: 0.12
MA7: 22.9780
MA20: 23.1370
MA50: 23.0912
MA100: 22.4945
MAexp7: 22.9733
MAexp20: 22.9800
MAexp50: 22.9837
MAexp100: 22.9881
Price / MA7: -0.11%
Price / MA20: -0.79%
Price / MA50: -0.60%
Price / MA100: +2.04%
Price / MAexp7: -0.09%
Price / MAexp20: -0.11%
Price / MAexp50: -0.13%
Price / MAexp100: -0.15%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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